Gunvor has attracted a $550 mln credit line
Gunvor Singapore Pte (in the structure of Gunvor) has attracted a $550 mln loan.
The credit line is opened by 2 tranches for 1 and 2 years. The loan will be spent by Gunvor to refinance another loan of $546.6 mln attracted in June 2014.
The organizers of the credit line were DBS Bank Ltd, ING Bank N.V. (Singapore Branch), Malayan Banking Berhad, (Singapore Branch), Oversea-Chinese Banking Corporation Limited, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., (Singapore Branch) as well as Societe Generale (Singapore Branch).
Gunvor is in the top-3 largest oil traders in the world along with Glencore and Vitol. The company was founded in 1997, registered in Switzerland. The revenue in 2012 made up $93 bln. Gunvor holds on the parity basis with NTMP a company “Novorossiysk grease oil terminal”. Gunvor also holds the oil products port at the terminal in Ust-Luga.
